Following reports of financial problems and unpaid bills between Forward Racing and FTR, FTR today issued a press statement clarifying the situation. In the press release, FTR praise the progress of the Yamaha FTR project at Sepang, and restate their support for Forward's Moto2 program as well. FTR's Managing Director Jon Jones states that 'there is [sic] no technical or financial issues between FTR and Forward Racing.' The statement goes on to clarify that the Forward Moto2 program has been temporarily put on hold to allow FTR to focus on the MotoGP project, and that the Moto2 project will be resumed at an unspecified later date.

The full text of the press release issued by FTR appears below:

FTR go Forward in 2014 for the 2014 season.

FTR are continuing with the strong partnership established with Forward Racing in Moto GP for the 2014 season.. The season brings with it some exciting developments with a 3 way collaboration between FTR, Forward Racing and Yamaha.

The results of initial testing at Sepang have given strong evidence that this is a winning combination. All parties are excited and pleased and will concentrate on refining the new bikes performance in the up coming tests

In order to maximise the potential shown by the 2014 GP bike, Forward and FTR will concentrate on this project.

The partnership between FTR and Forward Racing will then begin to focus on improving the performance of the 2014 Moto 2 team. FTR as Forward Racings key technical partner are united with Forward in working together to gain performance improvements as we move through the season.

Both FTR and Forward believe that this is the correct decision and are committed to working in partnership throughout 2014.

Following the rumours appeared on the media about the Moto2 program,

FTR would like to clarify that there is no technical and financial issues between FTR and Forward Racing

For the coming season FTR remains a key technical partner for the Forward Racing Team in Moto2 and all the efforts will be dedicated to the development of the MotoGP project.